Michael Grunwald

CNN Correspondent Links Rising Food Costs to Ethanol

By Paul Detrick | April 4, 2008 - 15:03 ET

You're going to need a few extra bucks to pay for those corn flakes every morning.

CNN's senior business correspondent Ali Velshi let viewers in on an underreported fact about rising commodities prices: the government mandate for ethanol production is making corn and other agricultural products more expensive-making inflation a top priority for Americans.

"Several years ago, we made some decisions about how corn is going to be used to make ethanol, which is added to our gasoline," said Velshi on "American Morning" April 4. "A number of people think that that was meant to reduce our dependency on crude oil. What is does is it takes what is fundamentally a food source and makes it into a gasoline source. That's caused corn to go up."

Time Magazine on Drought, 2007 Versus 1974

By Amy Ridenour | November 21, 2007 - 02:04 ET

Time magazine, November 26, 2007 (Michael Grunwald):

[Georgia's] drought was a natural event transformed into a natural disaster by human folly. And while it's still hard to say whether global warming caused any particular drought or flood or fire, it's going to cause more of all of them.

Time magazine, June 24, 1974:

In Africa, drought continues for the sixth consecutive year, adding terribly to the toll of famine victims... Climatological Cassandras are becoming increasingly apprehensive, for the weather aberrations they are studying may be the harbinger of another ice age.